Neobanks and the future of the banking industry

Jim Marous

"Financial institutions must be able to deliver an easy to navigate, a seamless digital platform that goes far beyond a miniaturized online banking offering."

Did you know?

Here are some interesting facts we found out during our research

$1,702.4 billion

In revenue in the digital banking market by 2026

3.6 billion

Expected users by 2024

The case

In the era of digitalization, financial technologies are becoming more and more popular, not only among millennials but also the prior generations. Services like digital wallets, internet payment gateways (IPG), KYC, KYB and digital banking technologies are highly sought after by neobanks, startups and traditional banks. One of the reasons for this change could be the shift to digital services during the pandemic. As people were forced to avoid physical shops, agencies and institutions, a lot of companies started digitalizing their business models to avoid bankruptcy. Some of the possible challenges that may occur when incorporating neobanking services include data privacy and compliance risks, expensive and long licensing processes, and a lack of proper IT infrastructure. Fortunately, all of the above can be solved with the right partner on your side.

SEPA Cyber's technological approach

SEPA Cyber Technologies offers a full range of innovative and secure white label FinTech solutions to help you open a neobank with your design in mind.

SEPA CoreX – white label easy-to-use digital banking suite, suitable for neobanks

SEPA MuSe – integrable multi-service gateway, based on a single RESTful API

Reporting Tools and Features

Know Your Customer (KYC) and Know Your Business (KYB) Modules

Politically Exposed People (PEP) and Sanctions

Virtual Scoring and Rating Systems

BIN Sponsorship

Secure Hosting

Download the full use case